All posts in Economic policy

Minimum Wages Around The World

Minimum Wages Around The World [Infographic]

As a recruiter, one of the questions I always asked my clients when taking a new permanent job brief was what salary they had in mind for the role.

Of course I was always hoping their responses would reveal a salary at or ideally above market rate since that would always mean an easier ‘sell’ to prospective candidates.

Running a busy temp desk, the equivalent question was what hourly rate the client had in mind. Naturally the higher the hourly rate the more likely it would be that I could find a temp ready to jump in and start immediately.

I cannot tell you how many times a client would ask, “Do you think we could get away with paying the minimum wage?“.

That was usually my cue to run.

Whilst I had absolutely no interest in working with such clients, every now and then I would ask them if they even really knew what the minimum wage was. This would usually result in an awkward silence and when I would reveal the numbers they would be quite shocked.

Don’t worry – I still refused to work with those clients.

My first job was working in a petrol (gas) station. At the time I knew I was earning the minimum wage. At the time I had friends working at McDonald’s or in supermarkets and we would all compare what we were being paid.

Minimum wages vary drastically throughout the world. The minimum levels are usually based on local costs of living and general governmental policy. Recent amendments in some US cities will make their minimum wages some of the highest in the world right up there with Australia, Luxembourg and France.

The team at CashNetUSA have recently published an interesting infographic comparing the minimum wages in several US states and cities compared to the rest of the world.

How does your market stack up? Read More…

Minimum Wage Madness!



minimum wage, wage system, flexible labour force, average wage

Editors Note: This is a guest post written by Edward Mallett, Managing Director of Employsure. His opinions are his own.

There is an interesting story about John Paulson, a hedge fund manager who became richer than Croesus when he predicted the global credit market implosion in 2007. He says that he knew there was a problem when his cleaner asked him whether it was sensible to take out a hefty mortgage to fund the purchase of her fourth investment property. Too much, he thought, time to bet against this.

Google him, it will make you bitter. Read More…

Baby boomer, jobs bonus scheme, mature age worker

$1000 Bonus for employers of Boomers

Editors Note:
This is a guest post written by Heidi Holmes, Managing Director of – Australia’s leading job board for mature age workers. Her opinions are her own.

The social and economic impact associated with Australia’s ageing population has been well documented over the past decade. However, with the first of the baby boomers turning 65 last year, it seems yet again we find ourselves in a reactive position to addressing some of the challenges and opportunities we face as a nation as the demographics of our population change. Read More…

Personal liability in the workplace

Personal liability in the workplace: Should you be afraid?

Editors Note: 
This is a guest post written by Edward Mallett, Managing Director of Employsure. His opinions are his own.

I don’t want to be a scaremonger, but did you know that directors can be held personally liable for breaches of the Fair Work Act 2009?

Perhaps more worryingly, the personal liability provisions are so broad you need not even be a director to trigger them. Staff could also be personally liable for contraventions, as could external advisers. This startling provision is tucked away towards the end of the Fair Work Act and, it is fair to say, has not been well publicised. Read More…

Are Fair Work Laws strangling small business?

Are Fair Work Laws strangling small business?

Editor’s Note: This is a guest post written by Edward Mallett, Managing Director of Employsure. His opinions are his own.

The Fair Work laws have been under a fair bit of scrutiny recently, following Qantas’ move to lock out workers. The Labor government has heaped criticism on the Qantas CEO, Alan Joyce, but in the same breath has proclaimed that it is an example of the Fair Work laws operating  successfully. The reality is, Qantas, with an army of smart lawyers, found a way to dance around the Fair Work Act and the Unions to achieve its business goal (for the moment, at least).

But what about small businesses who do not have the benefit of a legion of advisers? Has the Fair Work Act been a success for them? Read More…


Statistics and damn lies: Online job ads

Job ads in Australia increased 6.4% from December to January, according to recent data. This was the biggest monthly increase since 2010. Commentators wet themselves in delight: ‘Job ads hit 2 year high‘. Politicians even got in on the game, with the federal Treasurer claiming this as a reminder that our economic fundamentals are strong.

Surely this is great news? Read More…

Small employers, regulation and a declining middle class

Small employers, regulation and a declining middle class?

A friend who runs an IT consultancy shared a story over the break. After reading a few stats and articles over the weekend, it really got me thinking. His company has been growing like crazy, and we were talking about his hiring plans. You know what? His first and preferred option was to look outside Australia.

I assumed he was referring to support staff for basic tasks, from somewhere like the Philippines. But no – he was talking about sales, business development and real technical support staff. These would be key members of his team, all highly trained and educated. He wasn’t looking to traditional countries to ‘offshore’ these tasks, but to New Zealand, of all places. Read More…